Phoenix-based semiconductor maker Onsemi said on Monday that it would “wind down” one of its legacy divisions and refocus on its core offerings.
Onsemi said it had approved an exit plan for the division “generally associated” with the Quantenna business line, the company wrote inThis Quantenna division is part of the Advanced Solutions Group segment and represented less than 3% of Onsemi’s consolidated revenue in 2021, the company said. Onsemi said it is evaluating employee severance costs and contract termination costs, but it does not expect them to be significant. Onsemi did not return a request for comment on the number of employees it expects to terminate in conjunction with the division closing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coyotes highlight small businesses during Hispanic Heritage Month - Phoenix Business JournalThrough its partnership with the Arizona Hispanic Chamber of Commerce, the Arizona Coyotes NHL team will highlight thriving Latino businesses from the greater Phoenix area and work with Latino marketing agency Chemistry Cultura to help improve their business brands.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Coyotes highlight small businesses during Hispanic Heritage Month - Phoenix Business JournalThrough its partnership with the Arizona Hispanic Chamber of Commerce, the Arizona Coyotes NHL team will highlight thriving Latino businesses from the greater Phoenix area and work with Latino marketing agency Chemistry Cultura to help improve their business brands.
Source: phxbizjournal - 🏆 254. / 63 Read more »
New manufacturing, distribution facilities proposed for vacant, farm land in Phoenix metro - Phoenix Business JournalThe city's planning commission recently recommended approval for the new projects in El Mirage, which has continued seeing an increase in industrial development along with the rest of the West Valley.
Source: phxbizjournal - 🏆 254. / 63 Read more »
C-suite for Christ is launching a Phoenix chapter - Phoenix Business JournalThey meet every month to share how including Christ in their daily lives has positively affected the work environment. phoenix
Source: phxbizjournal - 🏆 254. / 63 Read more »
NBA punishment of Robert Sarver sparks strong criticism; city of Phoenix to investigate - Phoenix Business JournalThe NBA’s punishment of Robert Sarver has sparked widespread criticism, including strong social media responses from a Phoenix Suns player and executive.
Source: phxbizjournal - 🏆 254. / 63 Read more »
United Airlines (UAL) to open new luxury lounge at Phoenix Sky Harbor Airport - Phoenix Business JournalUnited Airlines is adding new luxury amenities at Phoenix Sky Harbor International Airport as it plans to grow its operations there over the next several years.
Source: phxbizjournal - 🏆 254. / 63 Read more »